“At the La Trini target we’ve completed some short holes which have confirmed high grade silver and gold mineralization at surface. We will focus the drilling program this fall to confirm and expand on historical drilling and rapidly move towards defining the mineral resource of this deposit through grid drilling,” said Brad Langille, President and CEO.
“Creating royalties organically through joint ventures and alliances represents the most elegant form of royalty creation”, commented Orogen CEO, Paddy Nicol.
CEO James Anderson stated: “We are thrilled to have reached this Agreement with the Dorado family, the original venders of the El Pinguico project. Upon closing, this Agreement will eliminate the burden of a substantial portion of both near term and long-term royalty obligations for the Company, and more closely align the interests of our Mexican partners with the interests of all VanGold shareholders.”
“During the temporary suspension of the operations during the second quarter, the Mercedes team developed a solid re-start strategy with a more focused mine plan, including reduced mill through-put resulting in lower costs and positive cash flow”, stated Peter van Alphen, Chief Operating Officer of Premier. “With continued exploration success, our goal is to gradually increase mill through-put back to the plant capacity of 2,000 tons per day.”
Frederick Davidson, CEO and President of the Company comments, “After several lean years for the silver sector, we are seeing the long awaited surge in silver prices and correction to the gold silver ratio. We are pleased to finally be able to close a round of financing sufficient to realize the potential of the Guadalupe land package and to consider near-term expansion to our production profile.”
Silver Spruce Resources Inc. announced today that it has increased and closed its private placement announced August 7, 2020. The private placement consisted of the issuance of 36,390,000 units at a price of $0.05 per unit for proceeds of $1,819,500 with a lead order from Palisades Goldcorp Ltd.
The net proceeds from the Private Placement will be used to undertake Metates metallurgical test work and ongoing regional exploration and for general working capital.
Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “We are at an exciting juncture for the exploration of the Tabasquena project. Past geophysical work has identified a big geophysical anomaly, approximately 3500 metres horizontal, and at the point where it dips vertically, there is another 500 metres and the anomaly remains open.”
Candente Gold Corp. is pleased to advise that Sun River Gold has made the final payment of US$111,000, to increase their ownership in the Mexico Mine Tailings at El Oro Mexico, such that the company’s NPI will be reduced from 10% to 5% after the first US$1,500,000 is received by the Company.
Taj Singh, President and CEO, states: “When we acquired Cordero a year ago, we identified more than 5 km strike extent of historic underground workings on veins as a distinct exploration target that had the potential to impact the Project. Our initial holes targeting these vein trends show significant promise and we have now made the decision to present results from these veins separately from drill hole results targeting the bulk-tonnage resource. With four drill rigs now active on site, we are focused on both expanding the higher-grade bulk-tonnage core of the deposit and systematically assessing the extensive vein trends.”
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